Advertisement
Reuters
Fed united on inflation front as Brainard rejects early rate cuts
The Federal Reserve’s No. 2 official on Friday added her full endorsement of the U.S. central bank’s higher-for-longer game plan for interest rates to curb inflation that new data shows is still running at more than three times policymakers’ 2% target. In her first public remarks since the Fed’s decision last week to raise its benchmark interest rate by three-quarters of a percentage point for a third straight time, Fed Vice Chair Lael Brainard said: “Monetary policy is focused on restoring price stability in a high-inflation environment.” “It will take time for the full effect of tighter financial conditions” caused by rate rises to work its way through the economy and lower price pressures, Brainard said in a speech to a New York Fed conference focused on financial stability and monetary policy.
Yahoo Life Shopping
Rock these jeans, mama! Lee’s ‘slim and sleek’ pair for women over 50 is down to $25 at Amazon
Women everywhere are proclaiming these to be the best-fitting jeans.
Forkast News
Markets: Bitcoin, Ether rise; XRP surges following court ruling vs. SEC; gains across top 10 crypto
Bitcoin and Ether rallied in late afternoon trading in Asia to rise over 1% as all top 10 cryptocurrencies by market capitalization gained. See related article: Markets: XRP jumps amid court ruling against SEC, Bitcoin gains, Ether sole loser in crypto top 10 Fast facts Bitcoin rose 1.35% to trade at US$19,569 at 4 p.m. […]
Associated Press
Rams’ Donald knows what’s coming from familiar 49ers offense
As the Los Angeles Rams prepare to play the San Francisco 49ers for the fourth time in less than a year, it might be easy to think there is nothing left for defensive tackle Aaron Donald to learn about his team’s Bay Area nemesis. “Well, it’s different this year ’cause they got pretty much a new offensive line, so it’s a lot more studying for me, trying to see how they play,” Donald said Friday. While the faces lined up across from Donald on Monday night will look different because of roster turnover and injuries, the game plan they will try to execute will be all too familiar.
Reuters
Commerzbank foresees difficult fourth quarter – intranet post
Commerzbank’s top executives told employees on Friday that the next three months will be the hardest this year for the bank and that a recession in Germany was more likely. “There are still three months of the business year ahead of us,” finance chief Bettina Orlopp said in an interview posted on the bank’s intranet and seen by Reuters. The bank is nevertheless forecasting a net profit this year of more than 1 billion euros ($977.20 million), helped by higher interest rates and what Orlopp described as good operational performance.
TheStreet.com
Bank of America Likes These Beaten Down Chip Stocks
Semiconductor stocks have tumbled in recent months amid flagging demand, with the S&P Semiconductors Select Industry Index dropping 36% year to date. Bank of America analysts recently discussed their favorite choices in the sector.